We did get ripped off... By the politicians...
Discussion
Well
Your life is way cheaper than it would have been otherwise
At what cost? There’s no free lunch
Who needs a thriving society that makes stuff when you have really cheap TVs from Asia instead?
Isn't a reduction in the production cost of things in the CPI automatically matched by enough money-printing, to hit the 2% inflation target?
Yes but our cost of living are disproportionately lower than the rest of the world because of us debt expansion. It's why the global south is still largely undeveloped in the modern age.